Helvetia (CH) Swiss Property Fund performing successfully and planning a capital increase in 2022

The Helvetia (CH) Swiss Property Fund delivered a positive performance in the first eight months of its second financial year. Since its launch in June 2020, the real estate fund has reported an encouraging price trend. Thanks to a low and still declining rent default rate, it has proven persistently resistant in the COVID-19 crisis. The fund management company is currently in the planning stage for a new capital increase in the first half of 2022.

17.06.2021

The Helvetia (CH) Swiss Property Fund started its second financial year on a successful note. The real estate fund increased its unaudited indicative net asset value to CHF 449 million (CHF 99.80 per unit) as at 31 May 2021. This means that the net asset value was close to the issue price, largely offsetting the one-off transaction costs of acquiring the initial real estate portfolio. The Fund’s first-time distribution will be paid out for the current financial year. The price of fund units in over-the-counter trading has likewise followed a favourable trend, amounting to CHF 121.00 as at 31 May 2021 and representing a performance of 18.6% since the launch in June 2020. The Helvetia (CH) Swiss Property Fund therefore beat the benchmark SXI Real Estate Funds Broad (SWIIT), which showed a performance of 13.4% in the same period.

High portfolio resilience and further reduction in the rent default rate
On the strength of the dominant residential component of 83% of the target rental income, the portfolio of the Helvetia (CH) Swiss Property Fund remained largely unscathed by the adverse effects of the COVID-19 pandemic in the first eight months of the second financial year. The rent default rate was even significantly reduced, amounting to a low 2.3% as at 31 May 2021 (30 September 2020: 3.2%).

Capital increase planned for spring 2022
As announced earlier, the fund management company intends to expand the real estate portfolio further in the next few years. The fund management company is currently in the planning stage for a new capital increase of approximately CHF 200 million in the first half of 2022. The proceeds of the issue will again be used to purchase a broadly diversified real estate portfolio from Helvetia Insurance’s portfolio.

Fund information

Name	Helvetia (CH) Swiss Property Fund
Security / ISIN	Security: 51383832 / ISIN: CH0513838323
Legal form	Contractual real estate fund under Swiss law
Fund domicile	Switzerland
Investor group	Limited to qualified investors pursuant to Art. 10 para. 3, 3bis and 3ter CISA
Income use	distributed
Launch date	3 June 2020
Fund manager	Helvetia Asset Management Ltd, Basel
Portfolio management	Helvetia Asset Management Ltd, Basel
Custodian bank	Zürcher Kantonalbank, Zurich
OTC trading	Bank J. Safra Sarasin AG, Zurich
Audit firm	KPMG AG, Zurich
Valuation expert	Wüest Partner AG, Zurich

The fund agreement and the annual report are available at www.swissfunddata.ch and www.helvetia-am.ch.

This media release is also available on our website www.helvetia-am.ch.

Contact information

Analysts
Susanne Tengler
Head of Investor Relations

Phone: +41 58 280 57 79
investor.relations@helvetia.ch

Media
Jonas Grossniklaus
Head of Media Relations

Phone: +41 58 280 50 33
media.relations@helvetia.ch

Further information

Media release (PDF)

About Helvetia Asset Management AG

Helvetia Asset Management AG is regulated by the Swiss Financial Market Supervisory Authority, FINMA, and provides fund management and asset management services. It offers collective investment schemes and is an independent fund manager operating in the interests of its investors. The company also handles investment advice and asset management, client representation and transaction management for employee benefit institutions, namely for real estate portfolios. Helvetia Asset Management AG has its registered office in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding AG, St. Gallen, Switzerland.

Cautionary note

This document was prepared by Helvetia Asset Management AG and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Asset Management AG. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Asset Management AG. Neither Helvetia Asset Management AG nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Asset Management AG nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.

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